Well, every year we come into the open enrollment period. IF YOU ARE CONTENT WITH YOUR CURRENT HEALTH INSURANCE COVERAGE…..SIMPLY BLOW OFF EVERYTHING THAT YOU HEAR TO DO DURING THIS OPEN ENROLLMENT PERIOD….BECAUSE YOU NEED TO DO NOTHING!!!!
Below I will publish a little info that I am sure you already know and is common knowledge. But one thing I wish to make clear again is that Medicare Advantage Plans are the ones that advertise 99% on the TV and THEY ARE NOT MEDICARE RUN BY THE GVNT, BUT RATHER PRIVATE INSURANCE PLANS. Anyone who signs up for a Medicare Advantage Plan that promises “more benefits that you deserve….aka Joe Namath” is foregoing traditional Medicare.
Once you understand this fundamental thing than you will be 1000% more knowledgable about comparing what is being offered and what is right for you.
What do I personally have? I paid the bills for my parents as they aged and noticed they had traditional Medicare with a high end supplement plan. For all the procedures, surgeries, hospital stays etc. the patient amount to pay was almost always $0. This amounted to hundreds of thousands in medical costs that were completely and totally covered. Because of this experience, I chose to do a similar plan of traditional Medicare with a high end Supplement. With this plan I do pay premiums, and have an additional Dental plan with premiums. BUT, what I have seen from most Medicare Advantage plans is that while they promise included dental, and optical etc. These add on’s are not totally covered and neither will all dentist or opticians accept their insurance.
So when and if you wish to “shop around” be cautious and don’t always chase after they shinier package. What can sound awfully good on the surface may not be so shiny in the end.
You get plenty of Advertisements and solicitations so below is a
straightforward letter from the agency itself simply giving the essentials
about the beginning of the enrollment period.
As I have inferred many times 99%
of all promo material from any source is pushing Medicare Advantage plans that
to be fair are not Medicare but rather private insurance. So if you like what you have then enrollment
period means nothing and you need to do nothing. Simple as that.
Mark,
Medicare Open Enrollment begins
October 15 through Dec 7th! It's your chance
to review your coverage and see if you can save money next year.
Do you like to plan ahead?
Visit Medicare.gov to preview
plans ahead of Open Enrollment. Remember, you can use star ratings to look at
the quality of health & drug plans as you compare coverage options.
Preview Plans
If you need help comparing
plans, here are a few tips:
- Consider
these 7 things
when choosing coverage.
- Call us at 1-800-MEDICARE during Open Enrollment.
- Contact your
local SHIP. To get the phone number for
your state, visit shiphelp.org.
Note: If you or someone you know needs help paying for Medicare
costs, you may be able to get help from your state. Learn more about Medicare Savings Programs and
how to apply.
Sincerely,
The Medicare Team
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